The DSI - daily Sentiment Index on USD is showing 6% bulls.
So 94% of the crowd is DOLLAR bearish.
It can fall to 96% or 97% bearish as we have seen at some instances since 2008.
Martin Armstrong's view on June 13/14 as one of the key dates for a market event does make sense if we look at USD from this angle.
It may be possible that USD DSI may fall to 5 4 3 2 % bulls - 3% was lowest I v seen so far.
This could happen in the next week and we may see a FINAL USD BOTTOM from which USD should rally HARD.
It makes the case for the start of RISK OFF.
So 94% of the crowd is DOLLAR bearish.
It can fall to 96% or 97% bearish as we have seen at some instances since 2008.
Martin Armstrong's view on June 13/14 as one of the key dates for a market event does make sense if we look at USD from this angle.
It may be possible that USD DSI may fall to 5 4 3 2 % bulls - 3% was lowest I v seen so far.
This could happen in the next week and we may see a FINAL USD BOTTOM from which USD should rally HARD.
It makes the case for the start of RISK OFF.
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